Long-Term Play: Those who secured land at high valuations must now decide whether to hold, develop, or offload.New Construction and Infrastructure DevelopmentColumbus has seen a surge in homebuilding, particularly in response to anticipated demand from Intel-related jobs.The delay may impact financing and absorption rates, leading to a slowdown in housing starts.Infrastructure projects tied to Intel’s growth, such as roads and utilities, will likely continue, but at a measured pace.Commercial Real Estate and Small Business ImpactsMany businesses and developers bet on an influx of Intel workers fueling demand for retail, office, and industrial space.This delay could create leasing challenges, with some developers reconsidering near-term projects.On the flip side, a more gradual ramp-up may allow local businesses to scale strategically.Opportunities for Savvy InvestorsBuying the Dip: If land or housing prices see a correction, it could be a prime buying opportunity for those with a long-term outlook.Pivoting to Other Growth Areas: Columbus remains an attractive market beyond Intel, with a strong job market, affordable cost of living, and other major employers expanding.Building for the Long Haul: Delays happen, but Intel’s presence in Ohio is a long-term game.

You might’ve rate-shopped a bit early, but it’s not a deal-breaker.

Other KPIs and considerations you should evaluate when talking to any lender who offered private placement of loans/notes are historic default rate, how quickly they can place your funds (do you get preference over their income funds, for example), average interest rate - borrower note rate and what is passed through to you, are loans serviced by a 3rd party servicer or in house.

The owner’s mortgage balance is $315K and they have an interest rate of 3.5% and the PITI is 2126.

These loans allow buyers to purchase with lower down payments and take advantage of the best interest rates.

However, the book was written when home prices were close to half of what they are now, and interest rates were half of what they are now.

The unfortunate reality is that the BRRRR book made a lot of sense when it was published, but with the high rates now, BRRRR is much harder to accomplish.

If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even.

I work with some builders and they have 2-4 units with rates in the 4-5% range.

For Non-Admitted carriers, the important item to then pay attention to is the AM Best rating (or equivalent rating agency).